Blockchain technology is quite vast and inexhaustible. Everyday, we see new innovations and inventions that tickles our fancy. In as much as the blockchain technology was introduced at a perfect time when data was becoming too much to handle and trust within the trading system began to depreciate drastically, we cannot entirely say that the blockchain has completely eradicated all problems since most of the innovations built on the blockchain still have some short comings.

Blockchain technology and its collaboration with cryptocurrencies came to solve the issues of transparency, speed in transactions, convenience in trade, scalability, among others. It came to change an existing system(banking system) to a system that is more defined and places people /customers at the top of their own wealth, thereby eliminating third party deals/transactions that flaws in many ways.

However, government policies or policies made by governing bodies have always been a stepping stone as well as a step in the right direction, towards ensuring a fraudulent free environment for trade and business transactions.

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This policies in most cases sets limitations and creates questions of accountability and transparency where there should be none and it takes an extra effort to keep to compliance with these policies. Most exchange platforms will rather disregard compliance than creating bubbles in customer relationship.

Indeed, if you can't change a system, you either join the system or let the system change you and this is why the blockchain technology has not only stopped at changing the pre-existing system, but introducing a system that is flexible enough to be improved, redefined, remodeled or reshaped to suite both current and future expectations. This will however, ensure that there are no second thoughts to eliminating a system that works(the blockchain system).

Being an enthusiastic blockchain lover, I have come to realize that the only solution to global adoption of the blockchain technology is by breaking down its complexities and anti-user packages into simple bits /user-friendly packages. Ghost brings us to the latest and one of the most captivating innovations on the blockchain called "ONAM"

WHAT IS ONAM?

ONAM is a high-performance trade/exchange platform that eliminates rigidity in infrastructure through the use of advanced

trade tools, palliates insecurity, offers 100% compliance to SEC(a regulatory body) with system flexibility for future regulations and powered by machine learning.

It is hereby pertinent to note the problems usually encountered by our conventional exchange platforms and how ONAM has come to mitigate these problems.

INSECURITY

When it comes to monetary issues and funds, security is paramount enough to draw the attention of investors and traders alike. If it can't be secured, then it shouldn't be kept. The blockchain platform, with higher emphasis on the exchange platform have in recent times, faced a lot of security breaches as they have become the main target for high tech hackers.

ONAM in its bud to solve this problem has introduced an "Advanced Threat Prevention, Intrusion Detection and trade Surveillance Systems" to combat, notify and check mate any attempt on security.

SCALABILITY

We are however, in no doubt that the blockchain technology is rapidly growing as many persons have decided to be In charge of their wealth creation, cold storage and trading options. These steady influx of newbies which has directly increased the rate of activities on the blockchain has been a major threat to scalability in most of the conventional exchange platforms. They simply can't keep up and they show it through instances of slight system failure/maintenance shit down and significant decrease in speed of transactions on the platforms, amongst others.

ONAM has overcome this issue by introducing state-of-the-art;

"10 million transactions per second with latencies as low as 40 nanoseconds".

This is highly incredible as numerous transactions can now be accommodated in a platform that does them with the speed of light.

CUSTOMER CARE

Customer care is one of the very most important aspects of a successful business, because without treating customer complaints as a matter of urgency, it creates a widened gap between customer and product/service satisfaction. Language barriers is another key problem since customers span across different countries of the world. This is why ONAM has introduced lesser time in attending to customers, Al day, all week and all year customer support systems using chats in various /multiple languages. This will innovation doubt, increase customer confidence and usability.

MARKET MANIPULATION

The cryptocurrency market is usually faced with the problem of "pump and dump" manipulations. These manipulations in the conventional exchange platforms are always easy to initiate since there are little or no defense mechanism MS set in place to combat these criminal attempts.

ONAM has come up with a better defense mechanism by introducing "real-time surveillance, supervision and compliance system monitors" to fast track transactions, identify illicit deals and profer immediate counter measures.

REGULATORY COMPLIANCE

The need to regulate ICOs and exchange platforms had become inherent of the fact that fraudsters now seize the opportunity to hoax minnows and majors in crypto sphere into releasing hard earned funds. SEC, being one of these regulatory bodies have taken it upon themselves to investigate ICOs and exchange platforms with the aim of issuing license to that is that comply with the standards and warning investors against the ones that didn't.

Nonetheless, a lot of exchanges still operate without this license from a certified regulatory body, but this is not So with ONAM. ONAM has received full licensing and is prepared to comply with future regulations because of its purest concerns for users and its aim at building high level of assurance/confidence in its modus operandi

MARKET LIQUIDITY

Market liquidity is one of the major problems encountered by conventional exchange platforms too, whereby the order books are flawed, giving room for market manipulations. ONAM is posted yo at raft large investors, miners and volume traders and empowering them to extenuating poor market liquidity.

ONAM SEAMLESS TRADE-SPHERE/CUSTODIAN SERVICES

Asides the risk management, security, advanced trading tools and compliance to regulatory sanctions, ONAM has provided a smooth trading atmosphere for both novice and veterans alike through its top notch custodian services and paternership with BitGO(Institutional-grade cryptocurrency investment service provider). This service provides relevant information and advise to users on which currency to trade on and at which particular time to execute such trade.

ONAM USER LOW-FEE TRANSACTIONS.

ONAM exchange platform offers a comparatively cheaper transaction cost in relation to other conventional exchange platform. This helps to send a positive message to the users/traders of crypto currencies that their funds are better safe and least touchable with ONAM.